Can I apply for a car loan if I can’t get a credit card? It will be clear after reading it

Nowadays, buying a car with a loan is the first choice for many people. Many of them have been rejected for the credit card they applied for before applying for a car loan, so they are worried that the failure to apply for the credit card will affect the car loan. Approval. So, is it really so? Let’s analyze the relationship between applying for a credit card and a car loan. In fact, there is no direct relationship between applying for a car loan and a credit card. Although you may apply for a car loan and a credit card at the same bank, you need to understand that applying for a car loan does not necessarily require a credit card, which means that you cannot apply for a credit card. You can also get a car loan. Whether you can be approved for a loan depends on the applicant's credit report and ability to repay the loan. However, considering that banks also require credit checks for car loans, the reason why the credit card application is rejected may also prevent the car loan from being applied for. 1. Take personal credit as an example. If the applicant has poor credit and currently has overdue debts, or has been overdue three times in a row within two years, or has been overdue six times in total, it does not meet the credit requirements for car loans. Yes, 90% will deny the loan. Furthermore, if the number of hard inquiries on your credit report, such as loan approval and credit card approval, exceeds 5 times in 3 months and more than 3 times in a month, it is also embarrassing. 2. For example, when applying for a car loan, the credit review department will count the total debt ratio of the credit card loan recorded on the credit report, and judge the applicant's loan repayment ability based on the applicant's income and assets. If the total debt ratio exceeds 50 It may be considered that the loan repayment ability is insufficient. Not only will the credit card not be approved, it will also greatly affect the car loan approval. To sum up, if your credit card is rejected, it is best to inquire about the reason for rejection before applying for a car loan. If you have bad credit, it is recommended to wait for a while. If you are not able to repay the loan, you can get a different loan, or increase the down payment, and provide With proof of financial resources, etc., the interest rate for passing a car loan will be relatively high. Is a credit card necessary to purchase a car loan?

You can apply for a car loan without a credit card.

Credit card installment car purchase is currently a popular car installment method, but consumers can also choose bank car loans and car finance loans.

Compared with other car purchase loans, the threshold for credit card installment car purchase is lower. As long as the applicant has a good personal credit record and can provide proof of work income or property recognized by the bank, it can usually be completed within 7 working days. Complete the loan. Moreover, there is no interest on credit card installment car purchases, only handling fees, which is cheaper than ordinary loans.

Processing of loan car purchase procedures:

1. Pre-loan investigation. The loan applicant carefully fills out the "Pre-loan Pre-examination Form" and submits it to the bank for preliminary review.

2. The bank has initially completed the loan qualification review of the applicant through the "Pre-loan Pre-Approval Form". For applicants who meet the bank's loan standards, the bank will notify the loan applicant to prepare personal loan application materials.

Materials required for loan car purchase procedures:

1. "Personal Loan Application";

2. Valid personal identity document. Including resident identity cards, household registration books, military officer ID cards, passports, travel passes for compatriots from Hong Kong, Macao and Taiwan, etc. If the borrower is married, the spouse's identity certificate must be provided;

3. Household registration certificate or long-term residence certificate;

4. Personal income certificate, and family income or property certificate must be provided if necessary. ;

5. Proof of intention to purchase a car issued by the car dealer;

6. Proof of down payment for car purchase;

7. Other than the mortgage of the purchased vehicle If the guarantee is provided in the form of a guarantee, relevant materials for the guarantee shall be provided, including the pledged rights certificate, the mortgaged real estate ownership certificate and evaluation certificate, a letter of intent for third-party guarantee, etc.;

8. If the vehicle purchased with the loan is for commercial use If you are purchasing a vehicle, you must also provide proof that the purchased vehicle can be legally used for operations, such as an affiliation agreement with a transportation fleet, a leasing agreement, etc.;

9. The vehicle purchased with a loan is a second-hand vehicle, and you must also provide proof of vehicle purchase Proof of intention, vehicle evaluation report issued by an evaluation agency recognized by the bank; vehicle property rights certificate of the vehicle seller, "Motor Vehicle Registration Certificate" of the vehicle being traded, vehicle annual inspection certificate, etc.

Four details of applying for a loan to purchase a car

Detail 1: Interest-free car loan does not waive handling fees

Detail 2: Carefully read the relevant insurance terms before applying for a loan to purchase a car

Detail 3: There are many restrictions on car purchases with zero-interest loans

Detail 4: Carefully consider the increased car payment and loan interest rate before applying for a loan to purchase a car

To purchase a car with a loan, you need to follow The above procedures are required. Different banks have slightly different requirements. For details, please consult the bank where you want to apply for a loan. How to get a loan without a credit card? This is how you can get a loan to buy a car.

Users who do not have a credit card and have not had a loan relationship with a bank are credit-reported white accounts. The bank has no way of knowing the credit status of the white account. Before approving the loan How can I judge whether I meet the conditions for making a payment? Today I’m here to help you with some tips on how to get a loan to buy a car without a credit card.

How to get a loan without a credit card? Credit cards and loans are actually two different concepts. They belong to different banking products, and there are certain differences in application and approval. Generally, the loan will not be affected if you don’t have a credit card. You can still get a loan to buy a car or a house without a credit card, but the following conditions need to be met.

1. The information must be complete and true. To apply for a personal consumption loan without a credit card, the borrower needs to provide more sufficient information, such as valid identity certificate, marriage certificate, income certificate and other valid financial certificates, etc. It is best to prepare the information before borrowing, and it must be true and reliable, and avoid fraud.

2. Personal qualifications must meet the standards. After the lending institution accepts the loan application, it will comprehensively evaluate the loan qualifications from the borrower's real estate, income, occupation, credit, education, etc. Among them, financial resources, occupation, and income are all important criteria for judging. Generally speaking, employees of state-owned enterprises and civil servants are more likely to be approved. This group of people are often regarded as "high-quality customers" by lending institutions. These groups of people do not have credit card loans. Not difficult.

3. The loan amount and term must be determined. If the borrower applies for a loan with personal credit as a guarantee, the maximum amount can reach 500,000; if there is no credit card and the house is used as a mortgage, the maximum amount can reach the appraised value of the house. 70%. However, these are only limitations on the maximum loan amount set by the lending institution. The specific amount that can be loaned must be determined based on the qualifications of the borrower. However, the borrower must also determine the loan amount and term based on his or her own situation to prevent repayment pressure. Too big to repay the loan.

4. Choose a repayment method based on your own repayment ability. When a borrower chooses a repayment method, it should be comprehensively determined based on his or her repayment ability and loan term. If the loan period is less than one year, you can consider one-time repayment of principal and interest. If it is more than one year, and you have high income and strong repayment ability, you can consider equal amounts of principal. If you have average repayment ability, you can consider equal amounts of principal and interest. How to get a loan without a credit card? To get a white household loan, you have to start with your own conditions. If you do the above four points, it will not be difficult to get a loan.